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India and China Discussed Crude Oil Import Requirements
The two countries leading consumers of oil in the world discussed the modalities for sharing information about their crude oil import requirements at a meeting of Indian officials and a visiting Chinese delegation led by prime minister Wen Jiabao. Petroleum minister Murli Deora represented the Indian side on the discussions in the energy sector. China [...]
Saturday, December 18th, 2010COMEX and NYMEX World Oil Prices 2010
In augustus 2010, world oil prices fell once more, hitting near six-week lows after failing to sustain early gains won on the back of a weaker dollar. New York’s main contract, light sweet crude for delivery in October, dropped 68 cents to stand at $US73.14 a barrel. Brent North Sea crude for October shed 67 [...]
Tuesday, August 24th, 2010Burma Control Import Sale Gasoline and Diesel Fuel
Burma business tycoon Tay Za control the importation and sale of gasoline and diesel fuel. An official at the regime-owned Federation of Chambers of Commerce and Industry and Rangoon-based business sources said the Fuel Oil Importers and Distributors Association (FOIDA) was formed on Jan. 23, with Tay Za as chairman and Aung Thet Mann as [...]
Tuesday, February 9th, 2010